Four homes sold together for just $1,250,000 - that's under $312,500 per home!
We are pleased to present this outstanding opportunity to the market. With potential as a long-term land bank or multi-unit development site (RSDT), this block of four units-fully tenanted and offered as a single package-provides an attractive opportunity for immediate rental income in a highly desirable location. Single-level for convenience and accessibility, the block is clad in low-maintenance Summerhill Stone with easy-care common garden areas and a sunny north-facing aspect. The potential to improve is an exciting prospect, with value underpinned by zoning for sought-after Beckenham School and Cashmere High and a tidy street just a short walk to cafés, shops, library, the farmers' market and river walks.
· Unit 1 comprises two bedrooms, a living room and kitchen, one bathroom with shower over bath and the bonus of a separate laundry.
· Unit 2 includes two bedrooms, a living room and kitchen, and one bathroom with shower over bath.
· Unit 3 has one bedroom, a living room and modern kitchen, one bathroom with shower, and a separate laundry.
· Unit 4 has one bedroom, a living room and kitchen, and one bathroom with shower.
Three of the units each have one allocated carpark in the shared carport to the rear.
With all four of the units currently tenanted (one on a fixed term and the others on periodic tenancy), immediate and ongoing income is a plus, but there is also plenty of scope here to add value with further improvements. Don't miss the opportunity to secure this money-maker.
Scheduled rent increase due end of April.
Info Pack:
https://www.propertyfiles.co.nz/property/11longfellow
